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Earnings Per Share
 9 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Note 9: Earnings Per Share

The components of basic and diluted earnings per share were as follows:

  
Three months ended
December 31,
  
Nine months ended
December 31,
 
  
2015
  
2014
  
2015
  
2014
 
Earnings (loss) from continuing operations
 
$
8.2
  
$
9.1
  
$
(8.8
)
 
$
25.2
 
Less: Net earnings attributable to noncontrolling interest
  
-
   
(0.1
)
  
(0.4
)
  
(0.8
)
Less: Undistributed earnings attributable to unvested shares
  
(0.2
)
  
(0.1
)
  
-
   
(0.3
)
Earnings (loss) from continuing operations available to Modine shareholders
  
8.0
   
8.9
   
(9.2
)
  
24.1
 
Earnings from discontinued operations, net of income taxes
  
-
   
0.6
   
-
   
0.6
 
Net earnings (loss) available to Modine shareholders
 
$
8.0
  
$
9.5
  
$
(9.2
)
 
$
24.7
 
                 
Weighted-average shares outstanding - basic
  
47.4
   
47.2
   
47.4
   
47.2
 
Effect of dilutive securities
  
0.4
   
0.5
   
-
   
0.5
 
Weighted-average shares outstanding - diluted
  
47.8
   
47.7
   
47.4
   
47.7
 
                 
Basic Earnings Per Share:
                
Earnings (loss) per share - continuing operations
 
$
0.17
  
$
0.19
  
$
(0.19
)
 
$
0.51
 
Earnings per share - discontinued operations
  
-
   
0.01
   
-
   
0.01
 
Net earnings (loss) per share - basic
 
$
0.17
  
$
0.20
  
$
(0.19
)
 
$
0.52
 
                 
Diluted Earnings Per Share:
                
Earnings (loss) per share - continuing operations
 
$
0.17
  
$
0.19
  
$
(0.19
)
 
$
0.51
 
Earnings per share - discontinued operations
  
-
   
0.01
   
-
   
0.01
 
Net earnings (loss) per share - diluted
 
$
0.17
  
$
0.20
  
$
(0.19
)
 
$
0.52
 

For the three and nine months ended December 31, 2015, the calculation of diluted earnings per share excluded 1.0 million and 0.9 million stock options, respectively, because they were anti-dilutive.  For the three and nine months ended December 31, 2014, the calculation of diluted earnings per share excluded 0.9 million and 0.7 million stock options, respectively, because they were anti-dilutive.  For the nine months ended December 31, 2015, the total number of potential dilutive securities was 0.4 million.  However, these securities were not included in the computation of diluted net loss per share since to do so would decrease the loss per share.